Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
Jakarta, Indonesia
Global Markets
Indonesian E-Commerce Firm Bukalapak Files for IPO
The Jakarta-based unicorn plans to list on the Indonesia Stock Exchange as early as August, a person with the knowledge of the matter told Tech in
Indonesian E-Commerce Firm Bukalapak Files for IPO
The Jakarta-based unicorn plans to list on the Indonesia Stock Exchange as early as August, a person with the knowledge of the matter told Tech in
Global Markets
Want to Reach 170 Million Asian Consumers? Get This App.
Gojek is ingrained in the consumer psyche across Southeast Asia. With recent investment from Facebook the ‘super-app’ is now valued at $10 billion and poised to boost e-commerce in the region.
Want to Reach 170 Million Asian Consumers? Get This App.
Gojek is ingrained in the consumer psyche across Southeast Asia. With recent investment from Facebook the ‘super-app’ is now valued at $10 billion and poised to boost e-commerce in the region.
Global Markets
Jakarta Bans Plastic Bags From Shopping Malls
Retailers in the Indonesian capital will be required to provide eco-friendly carrier bags or potentially face fines between $360 and $1,800.
Jakarta Bans Plastic Bags From Shopping Malls
Retailers in the Indonesian capital will be required to provide eco-friendly carrier bags or potentially face fines between $360 and $1,800.
Financial Markets
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
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Global Markets
As Fashion Giants Eye Exit From China, One Indonesian Supplier Makes Gains
Sri Rejeki Isman PT, which makes apparel for J.C. Penney Walmart and H&M, is fielding calls from other brands looking to diversify their suppliers amid the ongoing US-China trade war.
As Fashion Giants Eye Exit From China, One Indonesian Supplier Makes Gains
Sri Rejeki Isman PT, which makes apparel for J.C. Penney Walmart and H&M, is fielding calls from other brands looking to diversify their suppliers amid the ongoing US-China trade war.
News & Analysis
Indonesia's Aceh Orders Muslim Stewardesses to Wear Headscarves
Female stewardesses on budget carriers such as Malaysia’s AirAsia and Firefly will have to wear headscarves when flying into the ultra-conservative Islamic region.
Indonesia's Aceh Orders Muslim Stewardesses to Wear Headscarves
Female stewardesses on budget carriers such as Malaysia’s AirAsia and Firefly will have to wear headscarves when flying into the ultra-conservative Islamic region.
Fashion Week
The ‘Made in Indonesia’ Opportunity
BoF investigates how the tropical islands of Bali, Java and Sumatra have become manufacturing hotspots for global fashion brands like H&M, Calvin Klein and Uniqlo.
The ‘Made in Indonesia’ Opportunity
BoF investigates how the tropical islands of Bali, Java and Sumatra have become manufacturing hotspots for global fashion brands like H&M, Calvin Klein and Uniqlo.
China
JD and Lazada Square Off in Indonesia, Asia's Next E-Commerce Prize
Indonesia becomes the next e-commerce battleground as JD.com takes on Alibaba-owned Lazada and sets its sights on the Southeast Asian nation.
JD and Lazada Square Off in Indonesia, Asia's Next E-Commerce Prize
Indonesia becomes the next e-commerce battleground as JD.com takes on Alibaba-owned Lazada and sets its sights on the Southeast Asian nation.
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News & Analysis
MatahariMall.com Raises $100 Million to Expand in E-Commerce
The company raised $100 million in equity financing from investors led by Mitsui & Co. as it seeks to bolster its share of the nation’s e-commerce market.
MatahariMall.com Raises $100 Million to Expand in E-Commerce
The company raised $100 million in equity financing from investors led by Mitsui & Co. as it seeks to bolster its share of the nation’s e-commerce market.
News & Analysis
Saverin-Backed Orami Raising More Funds for E-Commerce Deals
Orami, a female-focused Indonesian e-commerce operator, is raising new funds for acquisitions just months after a $15 million financing round backed by Facebook Inc. co-founder Eduardo Saverin.
Saverin-Backed Orami Raising More Funds for E-Commerce Deals
Orami, a female-focused Indonesian e-commerce operator, is raising new funds for acquisitions just months after a $15 million financing round backed by Facebook Inc. co-founder Eduardo Saverin.
Global Markets
Lippo Partners With GrabTaxi to Expand E-Commerce in Indonesia
Indonesia's Lippo Group will partner with GrabTaxi Holdings Pte for e-commerce deliveries in Southeast Asia’s largest economy.
Lippo Partners With GrabTaxi to Expand E-Commerce in Indonesia
Indonesia's Lippo Group will partner with GrabTaxi Holdings Pte for e-commerce deliveries in Southeast Asia’s largest economy.
News & Analysis
Jakarta Attacks in Busy Area Filled with Western Brands
Thursday's deadly attacks in Jakarta were focused on a Starbucks in the center of the Indonesian capital, in an area filled with offices and Western brands.
Jakarta Attacks in Busy Area Filled with Western Brands
Thursday's deadly attacks in Jakarta were focused on a Starbucks in the center of the Indonesian capital, in an area filled with offices and Western brands.
The News in Brief
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.